Personal milestone: 1Cr in rev as a bootstrapper

How is the tax stuff like? Does it eat into majority of the revenue?

Not at all.

My co-founder is American and the company is registered in the US. As it’s bootstrapped, we can pull out most of the cash and here in India, I pay 15% on total income (paid 15% on ITR filing of 1.2 crore last FY)

What space?

Devtool in regtech space

Everything, including product management. But I'm mostly responsible for marketing, branding and communication.

Great . What does your org do?

Social impact, b2b2c

Company name?

This is the biggest challenge today imo. Engineers still have unaffordable salaries for early stage startups and rarely any competent tech folks will give up salary to take equity and ESOPs. Takes time to find the right person too.

I would say go for a good development agency that can build and maintain your MVP initially. Tech founder can join later once there's traction. Agencies would also charge lesser in comparison.

That's what we did, and are now looking for someone who can be at least a part time CTO and manage the agency along with other work like analytics and API integrations.

Thanks. It makes sense

Happens. But I'd say you'll never know everything before launch or even after. It's always a learning process and you have to be open minded and optimistic.

Just ship an MVP and constantly iterate on user feedback. Double down when you see revenue flowing in, but do the market research first to understand how big the market is and can be.

Can't share, prefer to stay anon for now

I also own a company which has 5 Crore revenue and also chartered plane which is not visible but I can’t share the name 😂😂

Social impact, b2b2c. 4 years to reach 1Cr. Other attempts didn't get to MVP stage. Most important learning was having good trustworthy co-founders who don't flake and are committed.

The last attempt before this we did incorporate but with sluggish and slow co founders who weren't aggressive enough and didn't align with our vision.